DAO storm exposed governance vulnerabilities, Web3 is worth paying attention to

Swarms AI Foundation DAO is facing internal turmoil, with former member SongShu Swarms being accused of manipulating the market and committing fraud. SongShu Swarms reportedly controlled the communication channels and withheld funds for the SSI project. The incident has sparked concerns about DAO governance and transparency and has sparked discussions about vulnerabilities in decentralized organizations. Meanwhile, amid a general uncertainty in the market, Binance’s HOLO token airdrop and upcoming trading on September 11 are still in progress.